Posts tagged with "Zomato"

May 9th, 2016An HSBC analyst report marked down our valuation from $1b to $500m. For starters, this is very different from all the markdowns so far where investors have marked down their own investments. But given all the media reports, I got a lot of questions from people at Zomato about what’s going on. Here’s an email I sent to everybody at...

May 9th, 2016Not getting over Fund crunch cyclone in Indian startup ecosystem, it seems one more cyclone is going to hit Indian startups called as "valuation cut-off". After India's leading e-commerce company Flipkart valuation cut-off, the cyclone is hitting one more Indian startup "Zomato".
The brokerage arm of HSBC's bank, HSBC Securities and...

May 9th, 2016As per the report in ET, Roadrunnr (Logistics player) and Tinyowl(online food ordering platform) are in early stages talks to merge in an all-stock deal. Venture funds including Sequoia Capital and Nexus Venture Partners invested in both the startups.
At present, both companies have cash to sustain operations for at least 10 months....

April 10th, 2016Food and restaurant recommendation platform Burrp aims to garner revenues of Rs 150 crore by March 2019 as it expands services like events and offers a more personalised search experience to users.
The food-tech company, which competes with the likes of Zomato, is also aiming to facilitate transactions worth Rs 1,000 crore through...

February 8th, 2016Indian restaurant search and food delivery service Zomato, one of only a handful of Indian start-ups to succeed abroad, said on Monday. It had broken even in key markets including India and is on track to make a profit as early as June next year.
The result comes as Zomato seeks $200 million in funding, a source close to the group...

January 31st, 2016“The rear-view mirror is always clearer than the windshield” –Warren Buffet
2015 was truly our year of learning. We learned while doing things we had been doing for a while, and we learned while venturing into uncharted, unfamiliar territory. At the turn of the year, as we always do, we paused to take stock of what we’d learned...

January 27th, 2016NEW DELHI- Hundreds of startups, including bigger players like Zomato, Cleartrip, Paytm and their employees, have approached Prime Minister Narendra Modi to defend net neutrality, which they define it as access to content on the internet without any discrimination.
"We urge you to ensure that the recently announced initiative,...

January 13th, 2016Baidu Inc, a Chinese web services company, is in talks to invest in Indian e-commerce start-ups including Zomato, BookMyShow and BigBasket, a spokesman for China's top online search provider said on Wednesday.
"The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more...

January 5th, 2016After Zomato and TinyOwl, FoodPanda India has announced that it is laying off over 500 employees - What's going wrong here?
FoodPanda is a known name in the Indian food ordering business - presence in all top cities and most restaurants seem to be covered by them - they announced lay off's today and the unofficial number of people...

December 19th, 2015Deepinder Goyal, Founder of Zomato apologised on Zomato Blog because of some folks got offended by the recent porn campaign. Zomato had tried an advertising campagin that involved using websites similar in nature to porn7 to, however, this tactic seemed to backfire with Zomato's audience, causing the founder to offer an apology. In Blog,...

December 11th, 2015Zomato, the restaurant discovery and food ordering app, today announced a partnership with Dunkin' Donuts India, the country's first all-day part adult QSR. The partnership will allow consumers to order the newly launched 'Too Much Burgers' online on Zomato, the only platform offering this option. Dunkin's complete range of burgers,...

September 6th, 2015Many emerging start-ups like BigBasket and PepperTap have started to acquire the market with their services of providing food and groceries right to your doorstep. Providing over more than 14,000 products all over from pulses to dairy and eggs and all that too online is no small thing. These startups have slammed the accelerators and are...